Problem
A. Using the five-step compensation strategy formulation process, formulate a compensation strategy, and summarize it using a strategic template similar to that shown. Provide your rationale for each element of the strategy.
B. You have decided that The Fit Stop would be well suited to a performance pay plan. Select the pay plan that would work best; then design it, describing specifically how you would deal with the various design issues. When you are done, the plan should be ready for implementation.
C. Identify the benefits system - including two specific benefits - that would make the most sense for this firm. Provide your rationale for each benefit Fit Stop will provide.